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We prove here the existence of a value (of norm 1) on the spaces 'NA and even 'AN, the closure in the variation distance of the linear space spanned by all games f o \mu, where \mu is a non-atomic, non-negative finitely additive measure of mass 1 and f a real-valued function on [0, 1] which...
Persistent link: https://www.econbiz.de/10005585331
These two papers (one in English and one in Hebrew) describe the unique educational experience of the Neve Shalom school, which is a fully integrated Jewish-Arab school within a system where Jews and Arabs regularly study in separate schools and languages. They are similar but have different...
Persistent link: https://www.econbiz.de/10005585332
Human altruism is a widespread phenomenon that puzzled evolutionary biologists since Darwin. Economic games illustrate human altruism by demonstrating that behavior deviates from economic predictions of profit maximization. A game that most plainly demonstrates this altruistic tendency is the...
Persistent link: https://www.econbiz.de/10005585333
A number of studies, most notably Cr?mer and McLean (1985, 1988), have shown that in Harsanyi type spaces of a fixed finite size, it is generically possible to design mechanisms that extract all the surplus from players, and as a consequence, implement any outcome as if the players’ private...
Persistent link: https://www.econbiz.de/10005585334
Behavior in competitive situations requires decision makers to evaluate their own as well as their competitors’ positions. Using data from a realistic competitive risk-taking setting, Jeopardy’s Tournament of Champions (TOC), we test whether players choose the strategic best response when...
Persistent link: https://www.econbiz.de/10005585335
This work follows “Evolutionary dynamics and backward induction” (Hart [2000]) in the study of dynamic models consisting of selection and mutation, when the mutation rate is low and the populations are large. Under the assumption that there is a single backward induction (or subgame perfect)...
Persistent link: https://www.econbiz.de/10005585336
In this paper, I present a Bayesian decision theory and define choice-based subjective probabilities that faithfully represent Bayesian decision makers’ prior and posterior beliefs regarding the likelihood of the possible effects contingent on his actions. I argue that no equivalent results...
Persistent link: https://www.econbiz.de/10005585337
The positive core is a nonempty extension of the core of transferable utility games. If the core is nonempty, then it coincides with the core. It shares many properties with the core. Six well-known axioms which are employed in some axiomatizations of the core, the prenucleolus, or the positive...
Persistent link: https://www.econbiz.de/10005585338
In a repeated game with perfect monitoring, correlation among a group of players may evolve in the common course of play (online correlation). Such a correlation may be concealed from a boundedly rational player. The feasibility of such “online concealed correlation” is quantified by the...
Persistent link: https://www.econbiz.de/10005585339
Persistent link: https://www.econbiz.de/10005585340